Transport Corporation of India Ltd. (TCI) reported strong financial results for Q4 and FY2025, with consolidated revenue of ₹11,972 million, reflecting a 9.3% increase. EBITDA rose 11.3% to ₹1,401 million, and Profit After Tax grew by 11.4% to ₹1,151 million. The company’s focus on multimodal logistics drives its growth.
Alfa Laval will showcase its latest marine technologies at Nor-Shipping 2025 in Oslo, from June 3 to June 6. The focus will be on solutions promoting energy transition, enhancing vessel efficiency, and supporting decarbonisation efforts, highlighting the company’s commitment to sustainable practices in the marine industry.
Centus Marine has launched its second hybrid propulsion fast crew boat, Centus Alesha, from Strategic Marine in Singapore. This vessel aims to enhance sustainability in offshore operations by reducing fuel consumption and emissions during crew transfers to installations off Sarawak, Malaysia, marking a significant advancement in decarbonization efforts.
Damen Shiprepair and Alfa Laval Benelux have signed a memorandum of understanding to boost energy efficiency in the maritime sector. This collaboration focuses on integrating Alfa Laval’s energy-saving technologies with Damen’s expertise during ship maintenance, aiming to streamline decarbonization upgrades and help shipowners meet sustainability targets efficiently.
During his visit, Shantanu Thakur, the Foreign Minister for Häfen, Shipping, and Waterways, engaged stakeholders at Visakhapatnam Port Authority. He praised their collaborative projects and urged exploration in shipbuilding and cruise tourism. Thakur highlighted green initiatives aligning with the Prime Minister’s vision and underscored community development through CSR programs for tribal youth.
The Global Maritime Forum’s inaugural Impact Report highlights efforts to create a greener, fairer maritime industry in 2024. Key achievements include promoting green shipping corridors and engaging industry leaders in decarbonization strategies. The report also emphasizes seafarer well-being and maritime transparency, showcasing a commitment to sustainability in global trade.
Union Minister Sarbananda Sonowal launched cruise operations at the Mumbai International Cruise Terminal (MICT) on April 21. He inaugurated key projects, including the renovated Fire Memorial and the revamped Sagar Upvan garden. The MICT, designed to accommodate 1 million passengers annually, aims to boost Mumbai’s cruise tourism status significantly.
The inaugural WISTA India ExCo Conference in Mumbai focused on sustainable shipping and diversity, with over 6,000 international members represented. President Elpi Petraki highlighted collaboration as key to overcoming industry challenges, while Sanjam Gupta praised India’s leadership in sustainable practices and the growing inclusion of women in maritime careers.
Lloyd’s Register (LR) and Royal Caribbean Group have joined forces to promote safety, innovation, and sustainability in the cruise industry. LR will provide classification and risk management services to ensure Royal Caribbean Group’s fleet remains safe and efficient. This partnership aims to drive progress in safety measures, innovation, and sustainability practices within the industry.
European Shipowners (ECSA) and Sea Europe are urging the European Commission to prioritize the maritime sector in the European Industrial Maritime Strategy and the Sustainable Transport Investment Plan. They stress the need for financial support to boost innovation and clean technology adoption. The joint statement outlines key recommendations to enhance Europe’s maritime manufacturing sector.
Sialia Yachts, a young boatbuilder, is revolutionizing the marine industry with its luxurious all-electric vessels. The flagship model, 57 Deep Silence, boasts a massive battery capacity and powerful motors. Founded in 2017 in Warsaw, Poland, the company aims to set new standards in sustainable yachting by combining technology with luxury experiences.
Maritime and offshore energy leaders from South America gathered for the inaugural meeting of the ABS South America Regional Committee. Discussions focused on advancing innovation in the maritime and offshore industries, addressing energy transition, reducing greenhouse gas emissions, and promoting safety at sea. ABS holds a top position in the global orderbook share.
India is poised to invest ₹2 trillion in its maritime sector to drive growth and transformation. Plans include expanding shipbuilding capacity, improving port infrastructure, and promoting sustainability. Collaborative efforts between central and state governments, policy reforms, and skill development programs are key to this ambitious roadmap.
In 2024, the port of Antwerp Bruges and the shipping industry encountered challenges but also saw growth in market share, container volumes, and Roro cargo. Plans were made to increase capacity by 10 million TEU and focus on greening and sustainability. Collaboration with Indian ports and industry aimed to drive efficiency and innovation.
The 54th National Safety Week 2025 at DEENDAYAL Port Authority began with a ceremonial lamp lighting ceremony, attended by Chairman Shri Sushil Kumar Singh and other dignitaries. Various initiatives were highlighted, including VR driving safety training, Mega Medical Campaign, and security competitions. The event emphasized on a commitment to safety and security.
